24
1 | Dream Builders Success System – Module Two MODULE THREE MAKE MONEY WORK FOR YOU The Dream Builders Success System is an innovative, exciting and dynamic new coaching program for individuals who are serious about enhancing their performance, maximizing their productivity, getting outstanding results and living the life of their dreams!

Dream Builders Module 3

Embed Size (px)

DESCRIPTION

Make money work for you.

Citation preview

1 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

MODULE THREE MAKE MONEY WORK FOR YOU

The Dream Builders Success System is an

innovative, exciting and dynamic new coaching

program for individuals who are serious about

enhancing their performance, maximizing their

productivity, getting outstanding results and

living the life of their dreams!

2 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Copyright 2012 ©

All rights reserved. No part of this publication may be produced, distributed,

stored in a retrieval system or transmitted in any form or by any means,

including photocopying, recording or other electronic or mechanical methods

without the prior written permission of the publisher, except in the case of

brief questions embodied in critical reviews and certain other non-commercial

uses permitted by copyright law.

www.lenandkarenallen.com

3 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Welcome to the Dream Builders Success System

This unique experience hosted by Len and Karen Allen has been specifically

designed to inspire, empower and transform your life.

As life and business coaches Len and Karen Allen have over 30 years combined

experience helping people to overcome obstacles, conquer fear, breakthrough

mental blockages to go on and experience unparalleled success in love, life and

business.

Working with various clientele from different financial, cultural and ethnic

backgrounds throughout the years, they have discovered that the people who

go on to achieve the most astounding results are those who have connected to

a network of likeminded people and have made themselves accountable to a

coach or a mentor who has been dedicated to help them along the way.

We look forward to being a part of your amazing success journey!

www.lenandkarenallen.com

4 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Module Three

5 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Making it Work

Dispelling Money Myths

MYTH ONE

Money doesn't grow on trees

Whilst most people say this they do so with no concept of the

origin of money and how it does grow. Money comes from ideas

and people and both things are valued by how they grow.

Let's look at the sample of the

stages of a persons growth. People are like ideas and

ideas are like trees.

Conception

Manifestation

Nurturing and Weaning

Interest creation

The Leaning Years

The Earning Years

The Yearning Years

A tree grows from a seed

A seed grows roots

Roots grow a trunk and

Trunks grow a body

A body of a tree grows

branches

Branches grows leaves and

fruits

Fruits feed people

They do the same job!

6 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

MYTH TWO

Money is the root of all evil

In fact as we know it is the lack of money that is the root of all evil

What are your beliefs about MONEY?

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

_____________________________________________

MYTH THREE

Money cannot buy Happiness

What is your definition of happiness?

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

_______________________________________________________________

7 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

If your definition included a car, going on holiday, being with

friends and family whenever you like or even making a difference,

impacting your world, I submit to you that money can buy all

those things.

What is stopping you from being happy (if not you then people

around you)?

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

Do you think more money might help?

________________________________________________________________

________________________________________________________________

_____________________________________________________________

MYTH FOUR

Time is Money

Not only is time NOT money, they work on two different premises

the truth is that this myth is in reverse…

Time is not transferable but money is.

Time is static but money flows

Time is limited but money is not

Money is greater than time because you can have time and no

money and your life will be miserable but you can use money to

buy time. What are your thoughts on this statement?

________________________________________________________________

________________________________________________________________

________________________________________________________________

_____________________________________________________________

8 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Money and the Broader Sphere

A) The Academics view

Any commodity that is generally

acceptable as a medium of

exchange and has a store of

value

B) The Governments view

General view - let them fight

over cash because that's not

real money

To the Poor- We will help you

prop up the poverty trap with

just enough

To the Rich - help us stay in

power and we will help you

create more money

C) The Green view

Our planets can survive if you

don't pollute our lands, air and

sea, trying to make too much

money. So give us the money to

sustain them and don't worry

about who is hungry

D) The Entrepreneur's View

Money is a tool that I use to

create the lifestyle that I want

and help the people and

causes I choose to

9 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

WHEN YOU

CHANGE YOUR

THINKING

ABOUT MONEY

YOU CHANGE YOUR ABILITY TO

GET AND SUSTAIN WEALTH.

Len Allen

10 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Financial Health Audit

Understanding where you are and what you know.

How much

money do you

have coming in

Daily Weekly Monthly

How much is

going out

How do you make your money, i.e from what sources and how many?

1. ________________________________________________________

2. ________________________________________________________

3. ________________________________________________________

4. ________________________________________________________

5. ________________________________________________________

How much of a defence is your money right now against

redundancy, pregnancy, replacement of domestic

appliances and cars, education for yourself and children,

cuts in retirement benefits, early retirement, sickness, death,

etc?

11 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Learn how to beat the Banks

How to create money

List 5 ways that banks make money (*see Appendix for some facts about banks)

1. ___________________________________________________________

2. ___________________________________________________________

3. ___________________________________________________________

4. ___________________________________________________________

5. ___________________________________________________________

List 5 ways you make money

1. __________________________________________________________

2. __________________________________________________________

3. __________________________________________________________

4. __________________________________________________________

5. __________________________________________________________

If your back was against the wall what other ways could you

make money?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

12 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Money and profit

In your opinion what is the main difference between

money and profit?

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

Money is not necessarily profit.

Profit looks at how much you make less how much you keep.

Anyone can make money, it takes skill and activity to make profit

YOU BEAT THE BANKS IN THREE WAYS

Don't put all your money in the bank

1. Invest where they invest, for example in other bank stocks,

but also and more importantly in the things they invest in,

technology, agriculture, minerals, property and projects

2. Get out of debt quickly

3. Claim back your PPI

13 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Multiple sources of real income

Aside from your job how do you earn money?

________________________________________________________________

________________________________________________________________

________________________________________________________________

How many streams of income are within your business?

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

What do you do so well that people ask you to help them with?

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

14 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Keys to developing a money source that

helps people

Learn to ask other people what they want.

Ask them how they want it.

What do you like to eat, wear, feel, smell, see and hear?

How many other people like that?

Where are the people that like that?

How can I get the result to them?

How much would they pay to have this result?

How frequently would they need this?

Can I do it by myself or do I need help?

Who already does this?

Is there something I can learn from them?

15 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Starting your business from

scratch with no money

What type of business do you want to start?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

Why do you want to do this business?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

What skills do you have or can get connected with?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

16 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

You need three things to make

to make money in your business

Hungry market

Demand

Killer product

Something that people are willing to buy repeatedly with lots of

tangible benefits

Irresistible offer

Cost - it used to cost this but if you buy today it cost just..

If you buy this now we will throw in....

For a limited time only…

You’ll be the first or the only ones to have this…

17 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

And three things to make them work

Marketing

Movement

Meaning

Does your business have

what it takes??

18 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

How to build businesses that last

Create Spin offs

What could be a bi product or spin off from what you currently

do? In other words how could you expand your idea or business?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

What are your thoughts on customer service and customer

retention?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

What do you want to be known for or known as?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

Special Note:

Be known for great service, content, prices, and atmosphere

The life blood of your business is new clients

19 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

MONEY MANAGEMENT DISCIPLINES

The Time/Money equation

Define money management?

________________________________________________________________

________________________________________________________________

________________________________________________________________

Define time management?

________________________________________________________________

________________________________________________________________

________________________________________________________________

Is time greater than money?

________________________________________________________________

________________________________________________________________

________________________________________________________________

How many hours do you use to earn money?

________________________________________________________________

________________________________________________________________

________________________________________________________________

What is your greatest time management issue?

________________________________________________________________

________________________________________________________________

________________________________________________________________

How do you use, invest, spend or save time?

________________________________________________________________

________________________________________________________________

________________________________________________________________

20 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

How does that reflect in your bank account?

________________________________________________________________

________________________________________________________________

________________________________________________________________

Discovering how to maximise money

When you spend you should;

Realise that loyalty does not pay

Understand that companies are set up to make money from

you

Get the best deals and get a good bargain - haggle

Buy quality and not fashion unless your business is about fashion

When you save you should:

Save the money that you save in an interest earning account

Take the interest off the top of your savings and buy an assets

that produces more money

When you invest you should:

Know your investment profile - do you want income or growth

Know your time horizon - do you want the money ion 5 years or

10 years

Avoid get rich quick deals

21 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

The Money Verdict

Make it

Give it

Save it

Invest it

Protect it

Spend it

Share it

22 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

WHAT NOW?

What are you going to stop doing?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

What are you going to keep doing?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

What are you going to start doing?

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

23 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

Appendix

How do banks make money?

They get you to open accounts, lend you money at higher

rates of INTEREST and lend to other banks and countries

They charge you when you break one of their rules

They charge you for keeping your money

They give you loans and charge you for it at high rates

They help you create debt and charge you for it

They get you to buy things you don't want

You have successfully

completed Module 3

24 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o

See you at the next

Dream Builders

Boot camp!

www.lenandkarenallen.com